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Industry sits at the commercial heart of Los Angeles County, with a mix of industrial zones and residential pockets. ITIN borrowers here typically target nearby residential areas in surrounding cities.
Most ITIN buyers in this region work in logistics, manufacturing, or own small businesses. The lack of market data doesn't change borrower profiles—lenders focus on income documentation and credit history built with an ITIN.
ITIN Loans in Industry
You need a valid ITIN, 12-24 months of bank statements or tax returns, and typically 15-25% down. Credit scores start at 600, though 680+ gets better pricing.
Most lenders require reserves covering 6-12 months of payments. Employment or business income must be documented through deposits, not just paystubs you can't provide without an SSN.
Local decision guide
Use this guide to connect itin loans eligibility, lender expectations, and local market factors before comparing payment options in Industry.
Industry sits at the commercial heart of Los Angeles County, with a mix of industrial zones and residential pockets. ITIN borrowers here typically target nearby residential areas in surrounding cities.
Most ITIN buyers in this region work in logistics, manufacturing, or own small businesses. The lack of market data doesn't change borrower profiles—lenders focus on income documentation and credit history built with an ITIN.
You need a valid ITIN, 12-24 months of bank statements or tax returns, and typically 15-25% down. Credit scores start at 600, though 680+ gets better pricing.
Only specialized non-QM lenders offer ITIN loans—you won't find these at Wells Fargo or Bank of America. We work with 15-20 lenders who actively fund ITIN mortgages in California.
Rates run 1-2% higher than conventional loans because these are portfolio products with manual underwriting. Lenders price based on down payment size, credit depth, and income documentation quality.
ITIN borrowers often have stronger financials than their loan type suggests. I've closed deals for business owners with $200K in the bank who simply don't have Social Security numbers.
The biggest mistake is not organizing documents early. Get 24 months of bank statements, ITIN letter from IRS, and any business licenses before you start shopping. Missing one statement can delay closing 30 days.
Foreign National Loans require larger down payments but work without U.S. credit. Bank Statement Loans suit self-employed ITIN holders with fluctuating deposits.
If you have significant liquid assets, Asset Depletion Loans may offer better rates by qualifying you on cash reserves instead of income. Each route has trade-offs in rate, down payment, and documentation.
Industry's commercial zoning means most ITIN buyers look at properties in neighboring residential areas. Lenders restrict live-work spaces and mixed-use buildings more strictly for non-QM loans.
Los Angeles County requires additional documentation for closing, which compounds ITIN paperwork. Budget an extra week for title and escrow to verify documents that typically come from employer HR systems.
Some lenders go to 10% down with strong credit and reserves. Most require 15-20% to offset risk on non-QM programs.
Yes, but expect 25-30% down and higher rates. Some lenders cap at primary residence only.
Alternative credit like rent and utility payments can substitute. Expect higher rates or larger down payments with limited credit depth.
Figure 45-60 days with complete documents. Manual underwriting adds time compared to automated conventional loans.
Absolutely—ITIN borrowers refinance to lower rates or pull equity. Same documentation requirements apply as purchase loans.